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Barry Cuda is considering the purchase of the following Builtrite bond: $ 1 0 0 0 par, 4 3 / 4 % coupon rate, 1

Barry Cuda is considering the purchase of the following
Builtrite bond: $1000 par, 43/4% coupon rate, 15 year
maturity that is currently selling for $970. If Barry
purchases this bond, what would his approximate yield to maturity
be?4.26%4.54%5.05%5.32%

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